IOTA / USD has hit a low at $ 0.91 on 06/04/2018 and has since made a nice impulsive up move.
The top was reached just under three weeks later at $ 2.24. Since that time, IOTA is in a correction of this increase. I expect the price to go back to the upper channel line at around $ 2.05 before the down move to wave C starts.
Should this scenario occur, support rates in the range of $ 1.60 / 1.50 would be expected. Deeper prices would break the downtrend channel, accelerating the sell-off downwards. That would be bearish though.
Worst-case scenario would be a return to the $ 1.1986 range. At the latest, however, there should then be a stabilization of the price assuming a resumption of the uptrend!
This is NOT investment advice and does not require buying or selling. Every reader is aware of this and makes their own investment decision with their own understanding of risk management!
Cheers Jessy
